Provided the account was indeed discharged and the late fees were generated after the discharge, the answer is no.
Yes, this debt should have been marked as a bankruptcy by the original creditor. It cannot be changed from a bankruptcy to a discharge unless the bankruptcy did not go through.
No. Once an account has been in default for 180 days, the creditor by law must list it as a charge off.
The charge offs will remain the required seven years and should be noted as included or discharged in bankruptcy.
Yes, a creditor can remove a charge off from your account and your credit reports. Credit bureaus can also delete charge offs from your credit report if they are disputed and not verified.
Your attorney is suppose to send a letter to the creditors asking if they would like to included on a the bankruptcy payment plan. The creditors have 30 days to respond. If they don't respond, then you don't owe them anything. Most likely they will charge it off as bad credit to the credit agencies.
$300 include filing fee and attorney fee
Yes and no. If an account was already charged-off before the bankruptcy, it can be reported as a charge-off. By law, the creditors must charge-off accounts included in bankruptcy, BUT they can not REPORT that charge-off if it happens AFTER the bankuptcy. Negative reporting on discharged debts is a violation of the permanent injunction of the discharge.
A pre-charge off is when the creditor is giving the debtor notice that the account is in default and will be sent to collections if a payment agreement is not made by a specified date. Post-charge off is when the account has been sent to collections, sold to a third party creditor or referred to a legal firm for further action.
The term "charge off" is used when a company or creditor clears a persons account due to lack of payment at loss to the company. No further charges can be applied to the account.
To remove charge-offs yourself, you can negotiate directly with the creditor to pay off the debt in exchange for them removing the charge-off from your credit report. You can also dispute the charge-off with the credit bureaus if you believe there are errors in the reporting. It's important to keep detailed records of all communications and agreements during this process.
The original creditor is required by law to charge off an account after a 180 day deliquency. In most instances the account is sold to a third party collector. The collection agency will continue collection procedures. If an equitable arrangement cannot be made with the debtor, the collector may refer the account to an attorney who may decide to file a lawsuit.
Charge off is an accounting term referring to entries made on the creditors accounting books. His accounting makes no difference to the debtor.